The CTSI is pleased to announce the 2012 recipients of thetrainee, UNYTE, and Novel Biostatistical and Epidemiologic Methodologies awards. The CTSI Pilot and Collaborative Clinical & Translational Studies Awards Program provides research support for preliminary and proof-of-concept studies critical to moving basic laboratory findings into clinical applications. UNYTE Translational Research Network pilot awards facilitate collaboration by requiring collaboration between a University of Rochester principal investigator and a co-principal investigator from at least one other member institution within UNYTE. Novel Biostatistical and Epidemiologic Methodology Awards (NBEM) are designed to stimulate the development of novel biostatistical and epidemiologic methods to help overcome specifically identified limitations that will significantly enhance the validity, accuracy, scope or speed of translational research. Congratulations to the following individuals who will be receiving CTSI pilot funding.
Technology Transfer Offices, Universities, faculty, students, entrepreneurs, business developers, and more, are constantly looking for new, and more efficient, methods to develop early stage technologies. As a result, new ways to collaborate and raise money have become a major focus for many institutions. On April 5, 2012, President Obama signed the Jumpstart Our Business Startups (JOBS) Act, which sets out to encourage funding of small businesses and startup companies by alleviating several security regulations.
Additionally, the JOBS act authorizes and heavily promotes a new financial support mechanism known as Crowdfunding. Crowdfunding allows private and public companies to sell securities through open platforms and allows nonprofit organizations to microfinance loans. As a result, a number of new crowdfunding initiatives have emerged, around the world, to help raise capital for early stage ventures.
Crowdfunding is defined as an organized effort to manage pooled resources to support a project, company or activity. The three major crowdfunding sectors include charitable, project-based, and high growth startup. The success of crowdfunding is largely attributed to the promises it makes, and keeps, to investors, entrepreneurs, and government policies. First, it gives small investors the opportunity to participate in new ideas and enterprise creation. Next, it provides entrepreneurs with an alternate source of financing at a time of decreased risk-taking by traditional finance vehicles. Lastly, it presents a public-private solution for supplying greater liquidity in the US economy.
Recently, the Rochester community has explored this new funding medium through the help of Innovocracy. Innovocracy is a new academic crowdfunding platform that helps researchers and students raise donations to support new innovations. So far the platform has featured two University of Rochester technologies; the Autism project, which was highlighted in our last piece and recently featured on local NBC news, and MonoMano, a one-handed control system for one-armed bicycle riders.
MonoMano was created by five University of Rochester engineering students, Travis Block, Sarah Hutchinson, Dominic Marino, David Narrow, and Martin Szeto, and was built to enable stroke survivors, amputees and others with use of only one arm to cycle. In order to develop the product, the team created a detachable and adjustable one-handed control system that can be installed onto most cycles. In order to ensure the device was comfortable and easy to use for one-armed cyclers, the team deliberately designed all of the controls to mimic those currently used on most standard bicycles. The team is excited about the coverage the project has already received in the Democrat & Chronicle as well as Yahoo News. To learn more about this project and to help the team reach their funding goal please visit the MonoMano home page and get involved!
James Woods, MD – Henry A. Thiede Professor and Chairman Department of Obstetrics and Gynecology, University of Rochester Medical Center
Michael Flynn, MD – Associate Professor and Chief Urogynecology, University of Massachusetts Memorial Hospital
Technology ID#: 6-2062
Brief Description: The Faculty Performance Program is a web-based program designed to collect and collate (monthly with a numerical value) all clinical and non-clinical activities performed by a physician in an academic institution. The program generates a quantifiable report on physician performance to provide the individual junior faculty member and department leadership a clearer understanding of his or her productivity.
Applications: Every academic clinical department in medicine struggles with documenting the various clinical and non-clinical activities carried out by its physician members. While clinical activity can be monitored by national work-Relative Value Scales (wRVUs), academic centers have found it difficult to value quantitatively departmental citizenship, administration, teaching, research (grants and publications) and community service. The Faculty Performance Program (FPP) adapts the wRVU system to create a numerical value for all clinical and non-clinical activities using time as the determinate. The program generates a comprehensive monthly, quarterly and annual report card for each physician within his or her specialty division, and the methodology allows comparison across medical specialties. This report card can then be used to generate electronic annual reports and curriculum vitae, and ultimately alignment of faculty activity with salary and bonuses. The Faculty Performance Program is based on a model that is adaptable to all medical specialties over a wide range of academic and medical fields.
Advantages: The academic medical field, among other industries, has yet to effectively create a comprehensive assessment and reward tool for faculty productivity. There is a pressing need under current economic pressures to develop a computerized academic faculty productivity program that generates a quantifiable value for time spent in clinical activity, departmental citizenship, administration, teaching, research, and community service. The program is based on the concept of the clinical value of a unit of time modified to reward time-related non-clinical activity. In essence, time is used as a common modality allowing the program to link clinical activity to non-clinical activity. The premise of time and productivity is fundamental to this program. How that unit of time is used represents the basis of the program.